Real Estate Market Has Improved Across the United States

Real Estate Market Has Improved Across the United States

California Real Estate Prices Increasing

In the past 8 years, we have seen the real estate market zoom extremely high and then take a big dive which was crushing to many if not most homeowners across the nation. In the past several years people have seen the prices come back up and of course this is a positive move for all of us.

Many homeowners held on to wait out the real estate crash to finally have gained equity and not be underwater. There are many factors for this positive movement in the market. 

Interest Rates have stayed low. The stock market has been moving up and down and many rumors for the past several years about mortgage rates rising but they have stayed level and I can remember last year when they were down to 3.99% which was great for home buyers.

Fewer Foreclosures from Banks

Fewer REO and Short Sales for sale

Mostly Standard Sales

Many Sellers putting their homes up for sale.

As you can see on this below, 9 out of 10 sales were Equity Sales (Standard Sales) which is a major change in the market since the crash. For years, buyers have had to buy REO's or Short Sales due to the lack of a standard sale. 

Prices are steadily going up but not zooming uncontrolably. So what is in store for us in the future is uncertain but hopefully mortgages will stay low, mortgages will not go into default at a rapid pace, and this market recovery will continue in an upward swing. 

One major signal that the recession has ended is that 'New Construction' is seems to be booming all over the nation. For the past years, we have seen construction sites abandoned and half finished developments sold off for pennies on the dollar. But recently, builders are busy with new houses and they are selling like hotcakes. 

This is a good time to purchase a home or sell the home you have been holding onto for the past few years. I am an experienced local real estate agent to help you with all your real estate needs. 

If you want to sell or buy a home, I am experienced and great at marketing.

Contact me via email: kristinhamilton@kw.com or 909-557-6966 

Thanks for Reading my Real Estate Blog.........

 Kristin Hamilton-CalBRE #01492138 Keller Williams Realty–Women's Council of Realtors®– I am a full time agent and deal in all types of real estate transactions. Trusts, Probate, Short Sales, Standard Listing, Single Family Homes, Apartments 1-4 units, Duplexes and Condos. I am also an experienced REO agent. I sell real estate in the Riverside, San Bernardino, Orange, and Los Angeles Counties. I am a trained and experienced Short Sale agent. If you are looking for a professional and experienced agent, I am just a click away.

Google me at Kristin Hamilton-Real Estate Agent. Homeowners and Buyers both will find my services top notch and successful. Call me to sell your home; both traditional and short sales.

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